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232. Pyramid Capitalism: Cronyism, Regulation, and Firm Productivity in Egypt
- Author:
- Ishac Diwan, Philip Keefer, and Marc Schiffbauer
- Publication Date:
- 03-2015
- Content Type:
- Working Paper
- Institution:
- The John F. Kennedy School of Government at Harvard University
- Abstract:
- Using an original database of 469 politically connected firms under the Mubarak regime in Egypt, we explore the economic effects of cronyism. Previous research has shown that cronyism is lucrative. We address numerous questions raised by this research. First, do crony firms receive favorable regulatory treatment? We find that they do: connected firms are more likely to benefit from trade protection, energy subsidies, access to land, and regulatory enforcement. Second, does regulatory capture account for the high value of connected firms? In our sample, connected firms exhibit superior corporate performance relative to unconnected firms and this is systematically related to regulatory capture. Energy subsidies and trade protection, for example, account for the higher profits of politically connected firms. Third, do crony firms hurt growth? We exploit a natural experiment setting to show that the entry of politically connected firms into previously unconnected sectors slows employment growth and skews the distribution of employment towards less productive smaller firms.
- Topic:
- Economics, Economy, Business, Networks, and Cronyism
- Political Geography:
- Middle East, North Africa, and Egypt
233. Harvard Journal of Middle Eastern Politics and Policy: Spring 2015
- Author:
- Jennifer Rowland, Nada Zohdy, Brian Katulis, Michael Wahid Hanna, Faysal Itani, Muhammad Y. Idris, Joelle Thomas, Tamirace Fakhoury, Farouk El-Baz, Kheireddine Bekkai, Amira Maaty, and Sarah McKnight
- Publication Date:
- 01-2015
- Content Type:
- Journal Article
- Journal:
- Harvard Journal of Middle Eastern Politics and Policy
- Institution:
- The John F. Kennedy School of Government at Harvard University
- Abstract:
- Our Spring 2015 volume captures the troubling developments of the past year in the Middle East and North Africa. In 2014, the Syrian conflict that has so beguiled the international community spilled over into Iraq, with the swift and shocking rise of the Islamic State in Iraq and al-Sham (ISIS). ISIS is causing the ever-complex alliances in the region to shift in peculiar ways. In Iraq, US airstrikes provide cover for Iranian-backed militias fighting ISIS; while in Yemen, the United States supports a Saudi intervention against a different Iranianbacked armed group that has taken control of the Yemeni capital. Meanwhile, simmering political disputes in Libya escalated into a full-blown civil war, sparking concern in neighboring Egypt, where the old authoritarian order remains in control despite the country’s popular revolution. The Gulf countries contemplate their responses to record-low oil prices, continuing negotiations between the United States and Iran, and the threat of ISIS. And Tunisia remains one of the region’s only bright spots. In November, Tunisians voted in the country’s first free and fair presidential elections. This year’s Journal brings new analysis to many of these complex events and broader regional trends. We begin with the positive: an exclusive interview with former Tunisian Prime Minister Mehdi Jomaa. In this year’s feature articles: Brian Katulis zooms out to assess the Obama administration’s record in the Middle East over the past six years; Michael Wahid Hanna refutes the notion that the Iraqi and Syrian borders will need to be redrawn as a result of ISIS’ takeover; and Faysal Itani analyzes the US coalition’s strategy to defeat ISIS, arguing that it cannot succeed without empowering Sunni civilians. Muhammed Idris and Joelle Thomas turn to economics in an assessment of the United Arab Emirates’ efforts to go green. Tamirace Fakhoury points out a blind spot in the study of the Middle East and North Africa: how large diaspora communities affect political dynamics in their home countries. Farouk El-Baz takes us to Egypt, where he proposes a grand economic plan to pull the country out of poverty and set it on a path toward longterm growth. From Egypt, we move west to the oft-neglected country of Algeria, where Kheireddine Bekkai argues for more inclusive education policies on national identity. Finally, Amira Maaty comments on the region’s desperate need for robust civil societies, while Sarah McKnight calls for improvements in Jordan’s water policies.
- Topic:
- Security, Civil Society, Development, Environment, Migration, History, Natural Resources, Social Movement, Islamic State, Economy, Political stability, Arab Spring, Military Intervention, Identities, and Diversification
- Political Geography:
- Middle East, Algeria, North Africa, Syria, Egypt, Jordan, Tunisia, United Arab Emirates, and United States of America
234. The Notion of Stability in a Changing Climate & Environment of the MENA Region
- Author:
- Katarína Hazuchová
- Publication Date:
- 07-2015
- Content Type:
- Policy Brief
- Institution:
- Global Political Trends Center
- Abstract:
- It has been only roughly four decades since the environmental securities in the Middle Eastern and North African (MENA) region has increasingly gained prominence. On one hand, water scarcity and on the other hand climate change, are threatening fragile social, ecological resilience and economic stability in a region already stricken by turmoil and violence.
- Topic:
- Climate Change, Environment, Political stability, and Resilience
- Political Geography:
- Middle East and North Africa
235. Hacia un nuevo y diferente «Flanco Sur» en el Gran Magreb-Sahel
- Author:
- Raquel Barrás and Pablo Rey García
- Publication Date:
- 10-2015
- Content Type:
- Journal Article
- Journal:
- Revista UNISCI/UNISCI Journal
- Institution:
- Unidad de investigación sobre seguridad y cooperación (UNISCI)
- Abstract:
- La unión de espacios subgobernados, la corrupción, el crimen organizado y terrorismo es la amenaza a la que se enfrenta la UE y sus estados miembros en el Gran Magreb, el cual está recreando un nuevo y diferente Flanco Sur al que existía durante la Guerra Fría. El aumento de la actividad extremista en la región del Sahel-Sáhara a partir de 2005 ha ido en paralelo con el crecimiento de las redes de crimen organizado transnacional a través del área. Aunque hay un intenso debate sobre su relación, intensidad e impacto, es una dinámica innegable en el área. La UE no tiene realmente una política unificada Magreb-Sahel y en términos de crimen organizado y terrorismo, el Sahel no se puede separar del Magreb. Hay una comprensión limitada y parcial del problema tanto en términos de amenazas como en soluciones viables, ampliado irremediablemente por la acción de Boko Haram y desbordando la visión, proyección y estrategia de la UE. A pesar del "Sahel Regional Action Plan 2015-2020", las medidas tomadas son reducidas, muy recientes y probablemente insuficientes y tardías desde el punto de vista de la dinámica y sinergia entre terrorismo-crimen organizado en un contexto de corrupción. La UE sigue manteniendo un enfoque seguridad-desarrollo, básicamente en una concepción de seguridad humana, a pesar de que este enfoque es altamente discutible para enfrentarse a este tipo de amenazas.
- Topic:
- Terrorism, European Union, Conflict, Hybrid Warfare, and Organized Crime
- Political Geography:
- Europe, North Africa, Morocco, and Sahel
236. In the Crossfire: Islamists' Travails in Tunisia
- Author:
- Anouar Boukhars
- Publication Date:
- 01-2014
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Tunisia is struggling with insecurity, social tensions, and ideological divisions three years after President Zine El-Abidine Ben Ali was ousted during a popular uprising. But the country is making progress on the path to democracy. Islamist and secular politicians have struck a potentially landmark agreement that could get Tunisia's democratic transition back on track. To solidify gains and ensure that a successful Tunisian experiment reverberates across the Arab world, socioeconomic struggles that fuel protests and radicalism must be confronted.
- Topic:
- Conflict Resolution, Security, Democratization, and Treaties and Agreements
- Political Geography:
- Arabia, North Africa, and Tunisia
237. Egypt's Post-Mubarak Predicament
- Author:
- Ashraf El-Sherif
- Publication Date:
- 01-2014
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Three years after the uprising that ousted Hosni Mubarak from power, Egypt continues to grapple with an authoritarian state. Throughout the rise and fall of the Muslim Brotherhood, authoritarian forces remained the key political players. Democratic alternatives have not capitalized on cracks in the system. Prospects for the Brotherhood's political reintegration and a democratization of political Islam are bleak. As long as credible alternatives fail to gain traction, the old state will persist and Egypt's central challenges will remain unresolved.
- Topic:
- Conflict Resolution, Democratization, Political Economy, Regime Change, and Governance
- Political Geography:
- North Africa and Egypt
238. Egypt's Difficult Transition: Why the International Community Must Stay Economically Engaged
- Author:
- Hafez Ghanem
- Publication Date:
- 01-2014
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- This paper presents a political-economy analysis of the Egyptian transition experience from the fall of President Hosni Mubarak in February 2011 until the end of 2013, and considers options for the future. Establishing a stable democracy in a country with weak institutions and no democratic culture will take years or even decades. With the benefit of hindsight, most observers were too optimistic in 2011 when they predicted that the “Arab Spring” would quickly lead to democracy. They are probably too pessimistic today when they declare the failure of Egypt's democratic transition. The millions of Egyptians who swarmed into Tahrir Square in January 2011 demanding that Mubarak step down, and then again in June 2013 asking for the overthrow of President Mohammed Morsi, have learned how to use “people power.” A wall of fear has been broken, and it would be difficult for another autocratic regime to succeed in ruling Egypt for an extended period of time.
- Topic:
- Democratization, Development, Islam, and Political Economy
- Political Geography:
- Arabia, North Africa, and Egypt
239. Central Bank Independence in North Africa
- Author:
- Bessma Momani and Samantha St. Amand
- Publication Date:
- 03-2014
- Content Type:
- Policy Brief
- Institution:
- Centre for International Governance Innovation
- Abstract:
- Securing CBI has become best practice in global governance. Both the political and economic literatures suggest that CBI facilitates price stability, promotes transparency to citizens and provides accountability toward the public good. CBI is also credited with protecting the economic and financial system from the trappings of regulatory capture. In addition, a number of scholars have argued that CBI is correlated with positive policy outcomes, including balanced long- term economic growth, stable financial markets and a reduced likelihood of publicly funded financial institution bailouts. Moreover, some have suggested that CBI is important for fostering a healthy liberal democracy. As global markets have become increasingly integrated and interdependent, securing CBI is also considered a domestic, regional and global public good.
- Topic:
- Development, Economics, Globalization, Monetary Policy, Governance, and Reform
- Political Geography:
- Africa and North Africa
240. Egypt's Solvency Crisis
- Author:
- Steven A. Cook
- Publication Date:
- 04-2014
- Content Type:
- Policy Brief
- Institution:
- Council on Foreign Relations
- Abstract:
- Egypt is experiencing a deep economic crisis. The country's foreign currency r e serves are less than half of what they were before the January 2011 uprising, threatening Egypt's ability to pay for food and fuel. Egypt's budget deficit is 14 percent of gross domestic product (GDP) and its overall debt, which is the result of accumulated deficits, is more than the country's economic output. In this difficult economic climate, roughly 4 5 percent of Egyptians live on less than two dollars per day. Inflation, which reached as high as 12.97 percent after the July 2013 military coup, is currently at 11.4 percent. Tourism revenue—traditionally a primary source of foreign currency along with Suez Canal tolls and remittances from Egyptians working abroad—is less than half of what it was in the last full year before the uprising. Foreign direct investment has dried up outside the energy sector. Unemployment remains high at 13.4 percent. Among the unemployed, 71 percent are between fifteen and twenty-nine years old. This economic weakness makes it politically difficult to address the problems that contribute to a potential solvency crisis because the necessary reforms will impose hardship on a population that is already experiencing economic pain.
- Topic:
- Conflict Resolution, Economics, Regime Change, and Financial Crisis
- Political Geography:
- Arabia, North Africa, and Egypt